State unclaimed money is actually not the governments money at all for some reason people just don’t believe they can get “free money”. This is understandable considering that most things that appear too good to be true are indeed that.
Perhaps if this “free money” was spoken of in its more specific terms people would be more likely to take the theory seriously and actually obtain their share of the funds.However, it is believed by many that it is the particular terminology of the phrase that is detouring American taxpayers from pursuing these generous monetary opportunities.
Every year millions of dollars become lost when banks, companies and government agencies lose track of the money they are holding due to mistakes in account numbers, names and addresses.
You are hesitant to find your unclaimed money because you are wondering where all these money came from and why they are forgotten and became unclaimed money.
There are many more sources of unclaimed money like old pay checks, tax refunds, dividends, bonds, stocks, proceeds from insurances, forgotten deposit accounts, trust money and even inheritance that’s owed to you that you don’t know.
To search for and discover unclaimed state money, you will need to check separately with each state where you think the unclaimed state money may be located. Most states have websites which will help you in your search. If they don’t, you will have to contact the state unclaimed property administrator’s office.
An easier alternative will be to go to the National Association of Unclaimed Property Administrators (NAUPA). NAUPA is the association of state departments that administers the state lost money and the website provides access to nearly all the state databases on unclaimed state money. You will still have to search through each state, but you can do it from one place.
Before you start searching, make a list of all the people you care about that you would want to find lost money for them. It is good to know the addresses you lived at previously, the possible sources of the unclaimed state money and anything else you can remember about your financial history that may be helpful.
Patience and care are prerequisites in your search – the databases of unclaimed state money will contain information as received from the company or agency that was unable to make the payment and there may be spelling errors in the names and addresses. If you are able to locate unclaimed state money that belongs to you or an inheritance that you are entitled to, the websites will guide you in the procedure for making the claim.
Quality of the missing money database will have its role in your search. So, what exactly is a “Quality” missing money database? Basically, it is a searchable database that lets you enter your name to see if any of the lost money is reported as owed in your name.
Finding the money is a simple search and claiming it only takes a few minutes of administration. So, start the search right now. Find and claim your state unclaimed money today!